Why? It's still partially backed, it'll automatically re-activate fully once backed completely (either by bidding on collateral or by BTS' price increasing), plus other market pegged assets on the Bitshares platform didn't globally settle & these MPAs don't reference external assets thus they're far less likely to globally settle.
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Because bitUSD dropped in price and was worth $0.7. Then better would be holding those assets in BTC or USDT.
BTC has dropped ~85% in value since this time last year & USDT has no publicly proven backing collateral at all, which is as good as there being no backing collateral.
The fact is that currently BTS <=> BTC <=> USDT is a better pair than BTS <=> bitUSD. USDT solved its volatility issues and now it is the only stable coin that is ~$1. The rest are ~$0.99.
And yes - USDT has no proof that it is backed by real money. That is the only reason why I diversified by bitUSD, too. Now, when bitUSD has flopped, there is a need for another stablecoin.
bitCNY?
China's economy is collapsing right now. It is too sophisticated for me to jump around those assets. Even crypto coins <=> BTC <=> USD is a disaster to manage. 😂
The global FIAT economy is probably going to collapse to be fair, hence why the norns don't reference any external asset value 👌
Norns right now is just another theory that is not tested in production environment. All previous Bitshares assets were based on other theories that in real world did not work out as good as purposed. Lets see.